Source: OJ L, 2025/415, 24.3.2025

Artikel 7 Mindesthäufigkeit der verschiedenen Stresstests

Summary What does Article 7 of the RTS on stress test programmes say?

Article 7 sets the minimum frequency requirements for the two types of stress tests introduced in Article 6 — solvency and liquidity stress tests.

It draws a clear distinction between issuers of significant and non-significant tokens when it comes to solvency testing, while applying a uniform and more demanding frequency to liquidity testing across all issuers regardless of their classification.

Important points:

Conduct solvency stress tests at least quarterly if you are an issuer of significant asset-referenced tokens or e-money tokens, or at least semi-annually if your tokens are non-significant.
Conduct liquidity stress tests at least monthly, regardless of whether your tokens are classified as significant or non-significant.
The higher frequency demanded for liquidity stress testing reflects a stricter baseline obligation that applies universally to all issuers of asset-referenced tokens or e-money tokens.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

1. Der Solvabilitätsstresstest ist bei Emittenten von signifikanten vermögenswertereferenzierten Token oder E-Geld-Token mindestens vierteljährlich und bei Emittenten von nicht signifikanten vermögenswertereferenzierten Token oder E-Geld-Token mindestens halbjährlich durchzuführen.
1. Der Liquiditätsstresstest ist bei allen Emittenten von vermögenswertereferenzierten Token oder E-Geld-Token mindestens monatlich durchzuführen.

Table of contents

Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.